Reliance is net-debt free after Rs 1.69 lakh cr fund raising: Mukesh Ambani

PTI, Jun 19, 2020, 10:11 AM IST

New Delhi: Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fund raising in under two months.

In a statement, Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm’s digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue.

The company had a net debt of Rs 1.61 lakh crore as on March 31, 2020.

“I have fulfilled my promise to the shareholders by making Reliance net-debt free much before our original schedule of March 31, 2021,” he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Low voter turnout in Karnataka: Only 38.23% cast votes in 14 LS segments during first half of the day

Karnataka Polls: No Modi wave but anti-BJP wave, says CM Siddaramaiah

Cal HC directs NIA to file report on clashes in Murshidabad over Ram Navami celebrations

Karnataka officials don vibrant sarees to promote voter participation

Karnataka sees over 22% voter turnout in 14 Lok Sabha seats by 11 AM

2 Army personnel Injured, 2 terrorists neutralized in Baramulla gunfight

BJP’s Nadda accuses Congress of politicizing reservations for SCs and OBCs

Related Articles More

Nifty, Sensex rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%

IndiGo, Air India plan to purchase up to 170 wide-body planes in little over a year

Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action

Four-day market rally makes investors richer by Rs 8.48 lakh crore

Kotak Bank barred from onboarding customers online, issuing fresh credit cards

MUST WATCH

Skin Rash, Causes, Signs and Symptoms

11 bullets found in python’s body!

K. Jayaprakash Hegde Sharing His Memories

Grafting Jack Anil

Heat Illness


Latest Additions

Low voter turnout in Karnataka: Only 38.23% cast votes in 14 LS segments during first half of the day

Karnataka Polls: No Modi wave but anti-BJP wave, says CM Siddaramaiah

Cal HC directs NIA to file report on clashes in Murshidabad over Ram Navami celebrations

Bengaluru goes to poll amid heat wave-like situation

Karnataka officials don vibrant sarees to promote voter participation

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.